U.S. Job Growth Estimates Revised Downward by 818,000 Positions, Largest Adjustment Since 2009

Recent data from the Bureau of Labor Statistics reveals that U.S. job growth over the past year was significantly weaker than initially reported, with 818,000 fewer jobs in March than previously estimated. This represents the largest down revision since 2009, indicating that the labor market was not as robust as initially thought. Despite this, job growth remains strong. The estimates released are preliminary and will be finalized in February 2025.